At a corporate governance event, SMU Associate Professor Jeremy Goh presented the finding of a running corporate governance study, which showed that few companies made public their shareholder meeting minutes and noted in a working paper pertaining to the index that the use of cross-ownership, or pyramid shareholding, is a common practice. Under the Singapore Corporate Governance Index managed by SMU's Sim Kee Boon Institute for Financial Economics, companies are scored on their performance in five categories that are aligned with the OECD governance principles. The poorest score was on shareholder rights, with a mean of 35.28.
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